v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Operating activities      
Net income $ 30,833 $ 106,719 $ 174,887
Adjustments to reconcile net income to net cash provided by operating activities:      
Net (loss) income from discontinued operations, net of tax 41,901 (2,500) 890
Depreciation and amortization 117,631 128,754 133,252
Equity in net (income) loss of unconsolidated affiliates (11,972) 295 (16,068)
Deferred income taxes 27,076 (123,276) 72,394
Stock-based compensation 23,154 23,290 13,734
Impairment of assets 144,481 140,053 54,422
Other, net (23,036) (4,518) 6,501
Changes in operating assets and liabilities, net of the effects of acquisitions:      
Accounts receivable 3,006 (15,622) (3,601)
Contract assets 17,557 (39,265) (41,088)
Prepaid expenses and other assets 17,481 237 25,603
Accounts payable (3,108) (10,661) 13,580
Revenue share obligations 54,514 30,504 16,893
Accrued expenses, deferred revenue, and other liabilities (21,709) 44,133 (42,857)
Net cash provided by operating activities from continuing operations 417,809 278,143 408,542
Net cash (used in) provided by operating activities from discontinued operations (16,380) 18,417 36,001
Net cash provided by operating activities 401,429 296,560 444,543
Investing activities      
Purchases of property and equipment (82,649) (81,189) (82,302)
Proceeds from sale of assets 20,402 0 0
Acquisition of businesses, net of cash acquired (39,848) 0 (187,750)
Sale of investment in unconsolidated affiliates 0 12,753 0
Other 0 (30) (3,570)
Net cash used in investing activities (102,095) (68,466) (273,622)
Financing activities      
Payments on notes payable (102,531) (100,937) (100,859)
Proceeds from credit facility 435,000 0 470,000
Payments on credit facility (155,000) (215,000) (405,000)
Proceeds from sale of future revenues 42,325 681,427 0
Payments on liability related to the sale of future revenues (53,107) (31,535) 0
Cash dividends paid (77,445) (95,207) (100,233)
Repurchase of Class A common stock (400,191) (400,000) 0
Payments on deferred consideration related to acquisition of business 0 (27,187) (27,927)
Payments on earn-out liabilities (22,700) (1,375) 0
Other, net (7,084) (2,906) (3,247)
Net cash used in financing activities (340,733) (192,720) (167,266)
Effect of exchange rate changes on cash flows (22) (21) (5)
Net (decrease) increase in cash and cash equivalents (41,421) 35,353 3,650
Cash and cash equivalents at beginning of period 125,146 89,793 86,143
Cash and cash equivalents at end of period $ 83,725 $ 125,146 $ 89,793